Dead Coins - page 5. | Bitcointalksearch.org

Vishnu.Reang

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Quote from: Kongxx on August 28, 2021, 12:04:49 AM

Do you hold any dead coins?

'Dead Coins refer to cryptocurrencies that have been abandoned, used as scam, their website is down, has no nodes, has wallet issues, doesn't have social updates, has low volume or developers have walked away from the project.'

How should we manage dead coins?

What is the point in holding dead coins? I mostly store most of the lesser known cryptocurrencies in exchange wallets (except ERC-20 tokens). And the problem here is that most of the exchanges delist the coins once they are dead or dormant. Then you have the option of installing the desktop wallets and moving the coins from exchange wallets to these coins. But why should we do that? It makes no sense to hold such coins. And in 99.999% of the cases, once a coin is dead, there is zero chance of recovery.

MarjorieZimmermanGinger

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Quote from: Kongxx on August 28, 2021, 12:04:49 AM

Do you hold any dead coins?

'Dead Coins refer to cryptocurrencies that have been abandoned, used as scam, their website is down, has no nodes, has wallet issues, doesn't have social updates, has low volume or developers have walked away from the project.'

How should we manage dead coins?

There is no way to manage dead coins, usually if coins have been declared dead in the market then all coin related accents are no longer reachable, even for social media or their promotion team will not respond to any complaints, dead coins can't be further developed , and it is certain that the coin will have no way to be managed, maybe it is better to leave it, than to waste time on the dead coin, when you continue to insist on managing it, there will be no result for you to receive.

freedomgo

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Quote from: FinneysTrueVision on September 25, 2021, 09:21:15 PM

I have a few coins that were airdropped, a few where I only have a little bit of dust, and a few coins from bounty rewards. They are either not listed anywhere or can only be traded on Uniswap where the fees would be bigger than the worth of the coins so I don't bother doing anything with them.

Same here, it's better to keep it, who knows one day it will pump and we will just be surprised. What's important is we still have an access to our coins and we can move them anytime we want, we don't need to monitor it actively as they are considered as dead coins, but we will surely know if they will come alive.

FinneysTrueVision

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I have a few coins that were airdropped, a few where I only have a little bit of dust, and a few coins from bounty rewards. They are either not listed anywhere or can only be traded on Uniswap where the fees would be bigger than the worth of the coins so I don't bother doing anything with them.

OrangeII

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Quote from: libert19 on September 19, 2021, 11:11:33 PM

Yes, plenty. And you can't do shit about them, just leave the wallet if you can't stand them in your sight.

some people are annoyed with dead coins in their wallets, so they want to get rid of them. the only way i know of to get rid of the coins is just to send them to another wallet. however, for coins that use the ethereum chain, it's not a good idea, because the current fee is quite expensive. however, I also recommend leaving, and ignoring the coin.

iyamoxjhian

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I have too! But it's nice to see them in my wallet and it helps me bring back those days how I'm insanely and aggressively working on those projects just to earned them. Though they're value were dead, for me it's a living memories of my hard works and learnings in cryptos.

rmhuntley

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Dead coin happen because developer is not royal and trusted owner, many dead coin left by owner and they sell all coin supply to make price dump and many investor loss opportunity to get profit and get back their money. Later the owner or developer dead coin make new coin and have the same cases with previous their coin, before buy some coin check how trusted the owner because they only think with profit only for their self without care the investors.

goolesby

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The reason is because some of the publishing companies are not serious, or part of a fraudulent criminal act. Another factor, the product failed in the market.
In the ICO process, the start-up issues coins that investors can buy. They, the investors, do not get company shares but digital coins that can be used in the issuing company's products. Investors usually hunt for ICOs because of the low price and the picture of doubling profits in the future, but what happens is the coin is destroyed.
in my opinion never buy this coin but get it for free through "bounty" you will not lose anything here.

bison

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Quote from: tees420mar on September 20, 2021, 09:00:31 AM

I have a few token from on your list but my friends say that these tokens are fake. when I went for swap these token they said they will not swap in this exchange they gave me site and said go and connect your wallet in this site then you can swap these token. bit my friends said if you connect your wallet in this site your wallet will be hack then I didn't connect.

fake coins and dead coins are two different things yes friends, and what you mean is fake coins where you get them without you knowing where the coins came from and suddenly go into your wallet, if you exchange your coins or tokens you will definitely be asked to spend some money as a medium of exchange, instead you will get money from the exchange even your wallet will be hacked.

whereas dead coins are coins that really exist and the project is indeed created but with time, the coins experience a decline and sink in the crypto market, it happens because of their inability to survive, because only coins that have a clear purpose and potential benefit are will only survive.

sulendra12

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Quote from: Kongxx on August 28, 2021, 12:04:49 AM

How should we manage dead coins?

Most of the "dead" coins on my wallet I just leave it and keep it as my history or whatever you called to that thing.
If you define dead coins such as those, then yea there is no reason to hold it because there is no chance the coin will be back if every thing that is connected to that coin is gone and unavailable.

Quote from: kak uli on September 18, 2021, 02:11:36 PM

follow their telegram channel and visit their website for the roadmap that has been built. if there is no update from social media or the token telegram channel that you hold, then it's better to leave and don't just waste your time in expired coins.

Do you even read what the OPs posted about?

tees420mar

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I have a few token from on your list but my friends say that these tokens are fake. when I went for swap these token they said they will not swap in this exchange they gave me site and said go and connect your wallet in this site then you can swap these token. bit my friends said if you connect your wallet in this site your wallet will be hack then I didn't connect.

Kyraishi

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By definition, there will be no way for you to dispose of these coins on a liquid market.

The best hope that you have is just to hold them and wait until the developer comes back and a exchange lists them. But other than that don't expect to get any value out of it.

If you have the resources you could even try to revive the development yourself by banding/hiring with a bunch of developers to do work on the project. But that is probably lots of effort for very little reward.

arifteguhr

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Quote from: Ever-young on September 19, 2021, 05:36:55 PM

Yes I do, most of them are just occupying space on my crypto wallet, because they are off no use, it's was back in 2017-2019 I always fine a way of selling most of them on either folkdelata or etherdelta, but right now the fee of sending it to anywhere will even make you abandon it the more.

Now the cost of sending via the Ethereum network you must always keep an eye on because the transaction fees are not fixed and do not hold on to a special number like in other networks, so this must be tricked so that everything can work according to your needs.

[email protected]

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Quote from: libert19 on September 19, 2021, 11:11:33 PM

Yes, plenty. And you can't do shit about them, just leave the wallet if you can't stand them in your sight.

you have a lot of bounty or airdrop campaigns. I also have in some of my wallets. there are some that I thought would have no value anymore but apparently, they decided to refund funds that have been obtained by the community. such as WIZ and SPYCE tokens which have swapped to other coins.
we can't see what will happen to tokens or coins that we think are dead in the future.

libert19

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Yes, plenty. And you can't do shit about them, just leave the wallet if you can't stand them in your sight.

Ever-young

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Yes I do, most of them are just occupying space on my crypto wallet, because they are off no use, it's was back in 2017-2019 I always fine a way of selling most of them on either folkdelata or etherdelta, but right now the fee of sending it to anywhere will even make you abandon it the more.

Anonymous100

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Quote from: Maslate on September 11, 2021, 05:41:00 PM

Quote from: Anonymous100 on September 11, 2021, 04:57:09 PM

Quote from: Kongxx on August 28, 2021, 12:04:49 AM

Do you hold any dead coins?

'Dead Coins refer to cryptocurrencies that have been abandoned, used as scam, their website is down, has no nodes, has wallet issues, doesn't have social updates, has low volume or developers have walked away from the project.'

How should we manage dead coins?

There is no method to activate dead coins, because their blockchain system is no longer running, so every transaction is not found. If we buy from an exchange, it's just that the coin is on that exchange and cannot be moved. But if it is token-based using another blockchain like the Ethereum blockchain, we can still move it from one wallet to another. However, this only wastes transaction fees.

We don't mind them either as it was just a waste of time knowing that there is no chance to recover from the dead. I believe that we all had hold dead coins now, I mean it was stuck on our wallet. I have some coming from bounties before and I don't bother myself to check it if there is value now as it was dead for many years, have nothing to expect them but rather to let it stay on my wallet.

Yes, it would be nice if you just let the coins be in your wallet. Because of someone's experience of disappointment when they throw away their BTC wallet because they think that BTC means nothing. We don't know one day the project owner will wake up from a long sleep, and try to revive their project, then the coin price will increase. Simply put, we have thrown away most of Dogecoin before, because we think Dogecoin is just trash in the wallet, but if we look at the current high price, many people are looking for the previous Dogecoin wallet. But most of them can't access the wallet.

Ziskinberg

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Quote from: Kongxx on August 28, 2021, 12:04:49 AM

Do you hold any dead coins?

'Dead Coins refer to cryptocurrencies that have been abandoned, used as scam, their website is down, has no nodes, has wallet issues, doesn't have social updates, has low volume or developers have walked away from the project.'

How should we manage dead coins?

I have never held a dead coin at this time, usually coins that have been declared undeveloped will be scammed automatically or even considered dead, for the team that works on this coin will usually shift their work to other coins, the website cannot be reached, even for promotions at the social media level will just disappear, there is no way to manage dead coins, considering that future prospects will not run according to the targets they have set, essentially dead coins will be very difficult to manage.

different from me, there are many worthless dead coins from the bounty results, indeed we can't do anything about them other than just as a display in the wallet. and the last hope is to hope that the coin will pump suddenly and we can use it at that time and sell it immediately

since 2018 that more and more dead coins are accommodated in the wallet and it will no longer be possible as you said that the coin will pump again. if before 2017 it is still possible to happen, because they usually hold it for a certain time, will enter it on the stock market at the right time, so that many coins are actually a surprise from the price.

not for the 2018 period and above, there will be dead coins pumping, because it is certain that the owner has created a new project again, because they are only looking for temporary profits not for development purposes.

I already accepted that reality, I also have a lot of altcoins in my wallet that I purchased in 2018, and unfortunately most of them are ER20 tokens which does not have a good value, and honestly, they are already almost worthless for years, so I just consider them as dead.

As I said at the beginning, dead coins are very difficult to pump back to increase the selling price, usually the dead coins will not be useful anymore, even if we keep it just for us to see but we can't sell it again, sometimes many people take the wrong step , the purchase of some coins is only as an experiment, so that when the coins do not provide anything they will feel disadvantaged, even though if before buying they do an analysis first, at least the risk can be minimized.

If only I know that Binance would be this big now, I would have purchased coins that are listed in such exchange. Most of my holdings become shit coins because the exchange loses the volume as it was taken by Binance. If you still remember Bittrex, that's a popular exchange in the past, but now, its trading volume has gone down ever since Binance rule the market.

Kavelj22

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Quote from: Reid on August 28, 2021, 02:10:39 AM

Will you really put effort into it?
If you want, then there's a solution. Create a dummy account. Send all the trash coins to that account but you will be spending gas fees for this.
If it's under BEP-20 then I might do it, but if its under ERC20 (Ethereum Chain) will you waste that valuable coin just for gas? Think about it. Twice.
It's just a waste of time and money. Let it be. I know some of us wish for a clean wallet but it's on you if you want to pay for cleanliness.

I think we should not deny the fact that many dead coins aren't from exit scam. And some of them can be revived at any time in the future once get community support again. I have also read in another topic that shitcoins maybe considered as collectibles after few decades so better to hold them.

I took part of many projects in 2018 and the great majority of them was fake projects, either dead for lack of improvement or an exit scam. However, few of them was revived. I was lucky discovering that i still own few valuable coins but i sold them immediately.

kak uli

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Quote from: Kongxx on August 28, 2021, 12:04:49 AM

Do you hold any dead coins?

'Dead Coins refer to cryptocurrencies that have been abandoned, used as scam, their website is down, has no nodes, has wallet issues, doesn't have social updates, has low volume or developers have walked away from the project.'

How should we manage dead coins?

follow their telegram channel and visit their website for the roadmap that has been built. if there is no update from social media or the token telegram channel that you hold, then it's better to leave and don't just waste your time in expired coins.

Topic: Dead Coins - page 5. (Read 2290 times)